Trexquant Investment LP Has $19.44 Million Stake in Interactive Brokers Group, Inc. $IBKR

Key Points

• Trexquant Investment LP increased its stake in Interactive Brokers Group by 40%, acquiring an additional 33,549 shares for a total of 117,373 shares, valued at approximately $19.4 million.
• Several institutional investors, including American Century Companies Inc. and Bank of America Corp DE, significantly raised their positions in Interactive Brokers Group, with increases of 1,476.3% and 91.4% respectively.
• Wall Street analysts have mostly issued a "buy" rating for Interactive Brokers Group, with a consensus price target of $59.38, reflecting growing confidence in the company's performance.

Trexquant Investment LP lifted its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 40.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 117,373 shares of the financial services provider's stock after purchasing an additional 33,549 shares during the quarter. Trexquant Investment LP's holdings in Interactive Brokers Group were worth $19,436,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Compound Planning Inc. grew its holdings in shares of Interactive Brokers Group by 1.1% in the 1st quarter. Compound Planning Inc. now owns 5,784 shares of the financial services provider's stock worth $958,000 after purchasing an additional 62 shares during the last quarter. CWM LLC grew its holdings in shares of Interactive Brokers Group by 6.6% in the 1st quarter. CWM LLC now owns 1,062 shares of the financial services provider's stock worth $176,000 after purchasing an additional 66 shares during the last quarter. Crossmark Global Holdings Inc. boosted its stake in Interactive Brokers Group by 0.8% in the first quarter. Crossmark Global Holdings Inc. now owns 8,512 shares of the financial services provider's stock worth $1,410,000 after purchasing an additional 70 shares in the last quarter. Ritholtz Wealth Management boosted its stake in Interactive Brokers Group by 4.1% in the first quarter. Ritholtz Wealth Management now owns 1,987 shares of the financial services provider's stock worth $329,000 after purchasing an additional 79 shares in the last quarter. Finally, Joel Isaacson & Co. LLC boosted its stake in Interactive Brokers Group by 3.3% in the first quarter. Joel Isaacson & Co. LLC now owns 2,480 shares of the financial services provider's stock worth $411,000 after purchasing an additional 79 shares in the last quarter. Institutional investors own 23.80% of the company's stock.

Insiders Place Their Bets

In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 194,086 shares of the stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $67.49, for a total value of $13,098,864.14. Following the transaction, the insider owned 461,500 shares of the company's stock, valued at approximately $31,146,635. This represents a 29.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold a total of 233,972 shares of company stock valued at $15,746,449 over the last quarter. Corporate insiders own 2.97% of the company's stock.

Interactive Brokers Group Trading Down 0.9%

Shares of IBKR traded down $0.54 during trading hours on Friday, hitting $62.24. 6,080,510 shares of the stock traded hands, compared to its average volume of 9,581,954. Interactive Brokers Group, Inc. has a 1-year low of $30.01 and a 1-year high of $68.07. The firm has a market capitalization of $105.57 billion, a PE ratio of 32.00, a price-to-earnings-growth ratio of 2.54 and a beta of 1.22. The business has a fifty day moving average of $61.13 and a 200-day moving average of $52.05.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last issued its quarterly earnings results on Thursday, July 17th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.05. Interactive Brokers Group had a return on equity of 4.92% and a net margin of 9.78%.The business had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same quarter in the prior year, the firm posted $1.76 earnings per share. The firm's revenue for the quarter was up 14.7% compared to the same quarter last year. As a group, equities research analysts expect that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Monday, September 1st will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Friday, August 29th. Interactive Brokers Group's dividend payout ratio is 16.49%.

Wall Street Analyst Weigh In

A number of research firms have commented on IBKR. The Goldman Sachs Group boosted their price objective on Interactive Brokers Group from $53.00 to $60.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th. Citigroup boosted their price objective on Interactive Brokers Group from $53.75 to $60.00 and gave the stock a "buy" rating in a research note on Monday, July 7th. Piper Sandler boosted their price objective on Interactive Brokers Group from $45.50 to $65.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 15th. Barclays boosted their price objective on Interactive Brokers Group from $65.00 to $73.00 and gave the stock an "overweight" rating in a research note on Friday, July 18th. Finally, Wall Street Zen raised Interactive Brokers Group from a "sell" rating to a "hold" rating in a research note on Saturday, June 21st. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $59.38.

Interactive Brokers Group Company Profile

Interactive Brokers Group, Inc operates as an automated electronic broker worldwide. The company engages in the execution, clearance, and settlement of trades in stocks, options, futures, foreign exchange instruments, bonds, mutual funds, exchange traded funds (ETFs), precious metals, and cryptocurrencies.